ACCT 2302 - PRINCIPLES OF MANAGERIAL ACCOUNTING

This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation. 48 lecture hours

Upon completion, students will be able to:

Identify the role and scope of financial and managerial accounting and the use of accounting information in the decision making process of managers

Define operational and capital budgeting, and explain its role in planning, control, and decision making

Prepare an operating budget, identify its major components, and explain the interrelationships among its various components

Explain methods of performance evaluation

Use appropriate financial information to make operational decisions

Demonstrate use of accounting data in the areas of product costing, cost behavior, cost control, and operational and capital budgeting for management decisions

North Central Texas College (NCTC) is an equal opportunity employer. NCTC does not discriminate on the basis of race, color, religion, sex, national origin, disability, age, genetics, equal pay, or any other legally protected characteristic. NCTC prohibits harassment on the basis of a legally protected characteristic and/or retaliation for reporting a complaint.